Why do you need to give them a phone # and an ID to open a crypto account?

[–] • 3 pts

If there is any system that challenges the government, it will not last. If it does last, it's likely being controlled indirectly by those in power.

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[–] [deleted] • 1 pt

10 years and counting. The only way they can stop it is by shutting down the internet. That's why it's so powerful and it's also why they haven't even tried to stop it. They know they can't.

So instead, they print trillions of dollars and buy crypto with it to ensure they continue to rule under the new money system.

Another 100 trillion just shown to be missing. Where did all that go? Government treasuries are buying crypto. Look into it. Quietly but they are buying.

They can't stop it but they can buy up vast amounts of it before letting hyperinflation destroy the goyim.

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[–] • 2 pts

Huge misconception.

Crypto was never intended to be anonymous.

Fucking retards, the greatest thing about digital technology is the fact everything generates data which is easily duplicated and stored.

This also applies VPNs and NSA Asset Tor. Nothing about generating online traffic is "secure", hidden, or anonymous. If you don't believe me then why does the military use an entirely separate infrastructure for secret secure networks... because the only way to secure anything digital is at the PHYSICAL level.

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[–] • 1 pt

TAXES.. gotta pay pay pay pay

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There are "Know Your Customer" laws that force money-related businesses to collect information on their customers. This is to prevent "money laundering" which is what they call breaking the link between a crime and money from that crime.

It is a pretty massive invasion of privacy but there really isn't any way around it if you're dealing with large amounts.

The whole point of Bitcoin is that it can't be debased through inflation. Inflation is a covert taxation tool. By using Bitcoin you can mostly avoid inflation..

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[–] • 1 pt

S. E. C.

You can always go to craigslist or some such and find somebody who will accept your FRNs for some of their crypt-bits. Then when you need FRNs to pay bills and such, reverse the process. But, if you live in American’t, any real riches you acquire are immediately suspect, so have fun with that. However, if you are dedicated enough, can find enough like minded people, maybe, somehow, you can meet your daily needs with crypt-bits.

Or, just comply with the SEC and their rules. It is designed to destroy cash anyways.

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Because it is like a check cashing store. Something called like 'a bank like entity' and they report.

Just buy silver with bitcoin

E, or tools. I have a theory that tools and production minded assets are the best investment

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[–] [deleted] • 1 pt

Nope. Common misconception. The whole point is open transparency.

Contrary to MSM fear porn about only criminals using it because it's anonymous, it isn't anonymous at all. Every transaction can be viewed on the blockchain.

To answer your original question: you need to verify who you are for all sorts of reasons. Same as opening a bank account. Can you open a bank account anonymously? It's also to help protect you from yourself. If you lose your keys, passwords etc how else can you prove that account and those funds belong to you?

It's noting untoward. All above board. It's becoming more and more regulated which is a good thing.

Hope this helps a little at least.

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[–] [deleted] • 2 pts

Horse shit. You probably believe social credit systems are a good thing. Cash exchanges existed for centuries and your claim of protection and safety just guarantees your slavery. To the OP you need a bank account and an ID because when the government shuts your bank account down they want to be able to shut your crypto transactions down too.

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[–] [deleted] • -1 pt

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Jeez that's a leap.

Decentralized finance is a good thing: change my mind.

I just paid off my first home in 3.5 years.

How many more years of monster gains before you realize you missed out on the biggest wealth transfer in history?

You're in denial which is no skin off my nose.

It's the only way to hedge against the printing of trillions.

I got %5000 gains in 1 year with vechain.

Meanwhile you get you hard earned devalued through money printing.

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[–] • 0 pt

10 years and counting. The only way they can stop it is by shutting down the internet. That's why it's so powerful and it's also why they haven't even tried to stop it. They know they can't.

You have become “they”. But you always were.